$1 Billion Fraud Stopped After $80 Mil. Stolen

Hackers Spelling Mistake Was Key

A compromised computer system at Bangladesh Bank allowed hackers to steal credentials to initiate transfers out of the Federal Reserve Bank of New York totaling almost $1 billion. Ultimately, a spelling mistake on one of the transfer instructions raised enough eyebrows to halt the on-going transfers after $80 million had already been stolen.

The Bangladesh Bank is now working to recover the money.

Read the full story here.

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